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Retail engagement platform Netree on Tuesday called for further rationalisation of the goods and services tax (GST) by restricting the number of tax slabs at two to promote the retail sector growth as too many slabs create compliance burden for small and medium retailers.
“Rationalisation of GST should be done with just one to two plainer slabs along with simplification on account of filing of returns,” Desi Valli, founder and CEO of Netree, said in a statement.
He also urged the government to look at simplifying the procedures for filing returns.
Too many slabs create compliance burden for small and medium retailers, he said.
“As we need to deal with all the stakeholders in retail value chain, simplification of procedure will make the compliance easier and error free,” Valli said.
Further, Valli demanded tax incentives on digital payments for small and medium retailers to be announced in the forthcoming budget to promote digital transactions.
“Government must propose separate funds to organise start-up meets to enable various stakeholders to meet and explore opportunities,” he added.
(With PTI Inputs)

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The Department of Industrial Policy and Promotion (DIPP) has referred a complaint of the RSS-affiliated Swadeshi Jagran Manch (SJM) on the $16 billion Walmart-Flipkart deal to the Reserve Bank of India, the Enforcement Directorate, the Competition Commission of India and the Income Tax Department. The sangh’s economic offshoot Swadeshi Jagran Manch had alleged that US retail giant Walmart was circumventing rules for a back-door entry into India with its majority stake acquisition of Flipkart.
The SJM’s co-convener Ashwani Mahajan had also written a letter to Prime Minister Narendra Modi, asking him to ensure that interest of those at the bottom of the pyramid in retail and agriculture space was safeguarded. The letter came the same day when Walmart acquired 77 per cent stake in Flipkart and a copy of it was dispatched to the commerce minister Suresh Prabhu. A similar letter was also sent to the DIPP secretary Ramesh Abhishek.
The DIPP, which comes under jurisdiction of the commerce ministry, in an office memorandum said the SJM’s complaint was referred to the Enforcement Directorate, the Reserve Bank of India, the Competition Commission of India and the Income Tax Department.
“It is requested that the matter may be examined and appropriate action be taken,” the DIPP said in the memorandum. Earlier, the Swadeshi Jagran Manch had said that this deal would further eliminate the small and medium businesses, small shops, and opportunity to create more jobs. Most of these small entrepreneurs were already battling for their existence; entry of Walmart will further create problems for them. Mahajan also alleged that there was a series of violations of law in allowing the deal to happen.